The total amount of reserves is about 640 billion dollars.
Due to sanctions against the Central Bank, imposed in response to Russia's invasion of Ukraine, the Russian Ministry of Finance has lost access to half of its gold and foreign exchange reserves – $ 300 billion.
This was stated by the head of the Ministry of Finance of the Russian Federation Anton Siluanov, according to Russian media.
“We have total reserves of about $640 billion, about $300 billion of reserves are now in a state in which we cannot use them, ” the official said.
He added that until this money is unfrozen, the Russian Federation will pay debts to “unfriendly countries” in rubles.
Recall, according to Bloomberg, the economy of the aggressor country Russia has suffered the worst decline since the 90s. Russia's GDP shrank by $30 billion or 9% in 2022.
